Lululemon: 'Inventories at the end of the first quarter of 2023 increased 24% to $1.6 billion compared to $1.3 billion at the end of the first quarter of 2022.'
Portfolio Pulse from Benzinga Newsdesk
Lululemon reported a 24% increase in inventories at the end of Q1 2023, reaching $1.6 billion compared to $1.3 billion in Q1 2022.
June 01, 2023 | 8:10 pm
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NEUTRAL IMPACT
Lululemon's inventories increased by 24% in Q1 2023, which may indicate higher demand or potential overstocking.
The 24% increase in Lululemon's inventories could be a result of higher demand for their products, which would be positive for the stock. However, it could also indicate overstocking, which may lead to markdowns and lower margins. The impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100